Thursday 11 November 2021 / 10:56 AM Bridget Phillipson / Economy

Bridget Phillipson comment on new GDP figures

Bridget Phillipson MP, Labour’s Shadow Chief Secretary to the Treasury, commenting on GDP figures released today, said:

“This morning’s GDP figures confirm that the economic recovery is slowing and risks grinding to a halt.

“We need urgent action to keep the economy moving and support households as we head into the winter, as prices rise and as the cost of living crisis continues to escalate.

“The Budget showed that the Government is trapping us in a cycle of high taxes and is risking our recovery by not growing our economy.

“Labour will tax fairly, spend wisely and, after a decade of faltering growth, we’ll get Britain’s economy firing again with our plan to buy, make and sell more in Britain.”